What is an API?

The acronym API is derived from the term Application Programming Interface. An API is a technical interface through which different programmes can exchange their relevant data with each other. For example, your bank provides finleap connect with an API to access your accounts, which finleap connect uses to access your account information. The bank’s API is – in greatly simplified terms – a representation of your online banking website limited to the management of rights and data without any design or other user-friendly elements. The retrieval of your data by your chosen finleap connect partner also takes place via a finleap connect API.